Exports of goods, Volume, Free on board (FOB), Percent change in Latvia
Latvia: Exports of goods, Volume, Free on board (FOB), Percent change was 2.8 in 2031. ◆ Volatile
Exports of goods, Volume, Free on board (FOB), Percent change in Latvia, 1993–2031
Source: International Monetary Fund.
Analysis
In 2031, exports of goods, volume, free on board (fob), percent change in Latvia stood at 2.8.
That represents a change of down 3.4% on the previous year and down 69.2% over ten years.
Over the whole period, exports of goods, volume, free on board (fob), percent change in Latvia peaked at 28.22 in 1997 and was at its lowest, -30.32, in 1994.
That places Latvia 18th out of 25 countries with data for 2031, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods, Volume, Free on board (FOB), Percent change in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 13.68 | — |
| 1994 | -30.32 | -321.7% |
| 1995 | 8.33 | -127.5% |
| 1996 | 7.09 | -14.9% |
| 1997 | 28.22 | +298.1% |
| 1998 | 9.63 | -65.9% |
| 1999 | -3.11 | -132.3% |
| 2000 | 14.42 | -563.8% |
| 2001 | 8.67 | -39.8% |
| 2002 | 4.93 | -43.2% |
| 2003 | 4.11 | -16.5% |
| 2004 | 13.89 | +237.8% |
| 2005 | 23.68 | +70.5% |
| 2006 | 7.45 | -68.5% |
| 2007 | 13.92 | +86.8% |
| 2008 | 2.41 | -82.7% |
| 2009 | -12.95 | -638.2% |
| 2010 | 13.62 | -205.1% |
| 2011 | 12.46 | -8.5% |
| 2012 | 9.49 | -23.9% |
| 2013 | 0.6593 | -93.0% |
| 2014 | 6.56 | +895.1% |
| 2015 | 3.06 | -53.4% |
| 2016 | 3.89 | +27.4% |
| 2017 | 6.46 | +65.8% |
| 2018 | 4.36 | -32.4% |
| 2019 | -0.5702 | -113.1% |
| 2020 | -0.2976 | -47.8% |
| 2021 | 9.09 | -3155.1% |
| 2022 | 11.42 | +25.6% |
| 2023 | -7.02 | -161.5% |
| 2024 | 0.1078 | -101.5% |
| 2025 | 0.1165 | +8.1% |
| 2026 | 2.2 | +1789.1% |
| 2027 | 2.5 | +13.6% |
| 2028 | 2.5 | +0.0% |
| 2029 | 2.5 | +0.0% |
| 2030 | 2.9 | +16.0% |
| 2031 | 2.8 | -3.4% |
Latvia compared with similar countries
- Latvia's 2.8 is above the median for high income countries, which is 2.73, 1.0× the median. (12 countries reporting)
- Latvia's 2.8 is below the median for Europe & Central Asia, which is 3.2, 88% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Exports of goods, Volume, Free on board (FOB), Percent change in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +3155.1% | -0.2976 | 9.09 |
| 2026 | +1789.1% | 0.1165 | 2.2 |
| 2014 | +895.1% | 0.6593 | 6.56 |
| 2009 | -638.2% | 2.41 | -12.95 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.79 | -30.32 | 28.22 | 7 |
| 2000s | 8.05 | -12.95 | 23.68 | 10 |
| 2010s | 6 | -0.5702 | 13.62 | 10 |
| 2020s | 2.31 | -7.02 | 11.42 | 10 |
| 2030s | 2.85 | 2.8 | 2.9 | 2 |
Countries ranked near Latvia
- 15 India 3 compare
- 16 Korea 2.88 compare
- 17 Thailand 2.88 compare
- 19 Hong Kong, China 2.66 compare
- 20 Saudi Arabia 2.66 compare
- 21 Brunei Darussalam 2.07 compare
More trade data for Latvia
- Commodity Net Export Price Index, Individual Commodities Weighted by 108.07 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 101.59 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.22 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 92.34 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.66 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 80.09 (2025)
- Imports of low carbon technology products, Percent of GDP 1.53 (2024)
- Imports of low carbon technology products, US dollar (World), per 356.69 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0151 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 467.61 million (2024)
Frequently asked questions
- What is exports of goods, volume, free on board (fob), percent change in Latvia?
- Exports of goods, volume, free on board (fob), percent change in Latvia was 2.8 in 2031, according to International Monetary Fund.
- What is the highest exports of goods, volume, free on board (fob), percent change recorded in Latvia?
- The highest recorded value was 28.22 in 1997.
- What is the lowest exports of goods, volume, free on board (fob), percent change recorded in Latvia?
- The lowest recorded value was -30.32 in 1994.
- How does Latvia rank for exports of goods, volume, free on board (fob), percent change?
- Latvia ranks 18th out of 25 countries with data for 2031.
- Is exports of goods, volume, free on board (fob), percent change rising or falling in Latvia?
- Over the last ten years it is down 69.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Exports of goods, Volume, Free on board (FOB), Percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.